RBI data on forex and FPI

Why is it in News?
  • RBI data confirmed the increase in all time high forex reserves due to strong inflow of FPI and FDI
More on News
  • foreign exchange reserves increased to an all-time high of $493.48 billion
  • In May alone – increase by $12.4 billion.
  • It will provide cushioning against import bill and create stability of Rupee against dollar
  • Total value of Gold reserve had continued to decline
Posted by Jawwad Kazi on 7th Jun 2020
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